Skyline Corp. (SKY) Posts Earnings Results
Skyline Corp. (NYSEMKT:SKY) posted its quarterly earnings data on Thursday. The company reported $0.09 EPS for the quarter. The company had revenue of $61.20 million for the quarter, compared to analyst estimates of $48.74 million.
Skyline Corp. (NYSEMKT:SKY) traded down 1.41% during trading on Thursday, reaching $11.88. The company had a trading volume of 13,343 shares. Skyline Corp. has a 12 month low of $2.50 and a 12 month high of $13.89. The firm has a market capitalization of $99.69 million, a price-to-earnings ratio of 59.40 and a beta of 1.69. The stock has a 50 day moving average price of $12.26 and a 200 day moving average price of $10.08.
Several institutional investors have recently modified their holdings of SKY. BlackRock Fund Advisors boosted its position in shares of Skyline Corp. by 968.7% in the second quarter. BlackRock Fund Advisors now owns 18,061 shares of the company’s stock worth $170,000 after buying an additional 16,371 shares during the last quarter. Bridgeway Capital Management Inc. bought a new position in shares of Skyline Corp. during the second quarter worth about $189,000. Vanguard Group Inc. boosted its position in shares of Skyline Corp. by 66.1% in the second quarter. Vanguard Group Inc. now owns 233,524 shares of the company’s stock worth $2,195,000 after buying an additional 92,957 shares during the last quarter. Finally, Gendell Jeffrey L boosted its position in shares of Skyline Corp. by 58.5% in the second quarter. Gendell Jeffrey L now owns 759,591 shares of the company’s stock worth $7,140,000 after buying an additional 280,408 shares during the last quarter.
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Skyline Corp. Company Profile
Skyline Corporation designs, produces and markets manufactured housing, modular housing and park models. The Company markets its products to independent dealers and manufactured housing communities located across the United States and Canada. The Company’s park models are marketed under various trademarks, such as Kensington, Shore Park, Stone Harbor and Vacation Villa.
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